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Jul 7, 2011
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i hope they think big. i hope they swing for the fences and get a result and bring it back to us and let us consider it and hopefully -- hopefully enact it and get on to other things. we -- the debt is a major long-term problem, not just for our grandchildren but for us today. we have a bigger issue facing us, and that is the fact that we have had persistent unemployment in an economy that's not growing, and that's hurting too many people. so the sooner we swing for the fences and get a result and get our debt under control and deal with it in a bipartisan way, the better for the country and the quicker we will be able to get on to the larger question of jobs. of course, economists have made it clear to us that getting the debt under control has a lot to do with jobs, that when our total debt is as high as it is today, nearly 100% of our gross domestic product, that that probably costs us a million jobs a year. we can't solve all that in one day or one month, but we can take a big step in the right directio
i hope they think big. i hope they swing for the fences and get a result and bring it back to us and let us consider it and hopefully -- hopefully enact it and get on to other things. we -- the debt is a major long-term problem, not just for our grandchildren but for us today. we have a bigger issue facing us, and that is the fact that we have had persistent unemployment in an economy that's not growing, and that's hurting too many people. so the sooner we swing for the fences and get a result...
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Jul 12, 2011
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that would be a big mistake. that's why republicans are united in saying increasing taxes at any time, particularly in a weak economy, is the wrong prescription. getting our debt and deficit and spending under control, a balanced budget amendment, that's the solution. it can actually be enacted very quickly. we don't have to face a crisis that president obama and treasury secretary are trying to whip up here. mr. sessions: madam president, i would just say that i do believe we are at a national crisis with our debt. i believe that it endangers the nation because the erskine bowles who chaired the debt commission, appointed by president obama, has told us that we are facing an economic crisis as a result of the debt and written testimony to the budget committee, and he warned that we have to change the course we're on. i certainly believe that's true and i believe the rogoff and reinhart study affirmed by secretary geithner is correct, that it's already pulling down our growth. i'm really worried about the future
that would be a big mistake. that's why republicans are united in saying increasing taxes at any time, particularly in a weak economy, is the wrong prescription. getting our debt and deficit and spending under control, a balanced budget amendment, that's the solution. it can actually be enacted very quickly. we don't have to face a crisis that president obama and treasury secretary are trying to whip up here. mr. sessions: madam president, i would just say that i do believe we are at a national...
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Jul 18, 2011
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until then, a big tank is for studio audience in a big tank is to former massachusetts governor, mitt romney. [applause] fcc commissioner robert mcdowell on the fcc's actions this week to begin cracking down on unauthorized service charges on consumers phone bills. that and other issues in front of the sec on "the communicators" on c-span2. >> have you ever visited the library of congress? over 2 million people have a now this is your chance to tour the world's largest library. tonight joined c-span for a look inside the library of congress. we will take you into the great hall and explore the main reading rooms. you will find unique books and the rare books and special collections including original books from thomas jefferson's personal collection and we'll see how the libraries using modern technology to discover hidden secrets and to preserve its holdings for future generations. join us for the library of congress tonight at 8:00 p.m. eastern and pacific on c-span. >> the senate has completed its business for the day and will gavel and tomorrow at 10:00 a.m.. earlier on the floor
until then, a big tank is for studio audience in a big tank is to former massachusetts governor, mitt romney. [applause] fcc commissioner robert mcdowell on the fcc's actions this week to begin cracking down on unauthorized service charges on consumers phone bills. that and other issues in front of the sec on "the communicators" on c-span2. >> have you ever visited the library of congress? over 2 million people have a now this is your chance to tour the world's largest library....
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Jul 27, 2011
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and it's not small, it's big. and so there is $60 billion a year that -- i mean over ten years that we could save just by reforming the social security and disability system. and that doesn't say you don't want to help people that are disabled. it says you want to do what's the best thing for our country and help those people that are disabled. but we have undermined and we have taken advantage of those who need our love and care and they cheat the system and we have a bureaucracy that doesn't take them off the system, and we have an incompetent system of jurisprudence within the social security administration that puts people on that should never be on. but the attack comes that you don't care about people if you -- if, in fact, you want to fix this program. social security, everybody says don't touch social security. this congress and the congress before it has stolen stolen $2.5 trillion from the money you have put into social security. they have written a little bitty i.o.u. note there and said, well, when you
and it's not small, it's big. and so there is $60 billion a year that -- i mean over ten years that we could save just by reforming the social security and disability system. and that doesn't say you don't want to help people that are disabled. it says you want to do what's the best thing for our country and help those people that are disabled. but we have undermined and we have taken advantage of those who need our love and care and they cheat the system and we have a bureaucracy that doesn't...
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Jul 6, 2011
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it's a big sum of money. so we spend it in our expenditure levels, defense department, all the way through the agriculture department, everything in between, and we forgive or don't collect the same amount in the tax code. so who benefits from that? well, let's look at the basics. 70% of american taxpayers do not itemize on their tax returns. they file the standard return. they don't itemize. so the tax code doesn't mean anything to them. if there is a special deduction, unless it was a refundable tax credit -- rare category -- it doesn't help them. 70% of americans don't touch it. what are the biggest deductions under the u.s. tax code today? i in all my wisdom and education and experience on capitol hill, i raised my hand to the teacher and said well, it's the mortgage interest deduction, right? wrong. the biggest single deduction is the employers exclusion for health care premiums. so employers are able to exclude from income the amount of money they spend for health insurance for their employees. that's t
it's a big sum of money. so we spend it in our expenditure levels, defense department, all the way through the agriculture department, everything in between, and we forgive or don't collect the same amount in the tax code. so who benefits from that? well, let's look at the basics. 70% of american taxpayers do not itemize on their tax returns. they file the standard return. they don't itemize. so the tax code doesn't mean anything to them. if there is a special deduction, unless it was a...
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Jul 7, 2011
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of course they'd be in big trouble. and the senate is not in trouble but the country is in trouble because the senate is not doing its job and neither the house nor the senate did its job in the last congress for the first time ever and that's how we go into three years since we had a work document that we should have to work with. and what do we do this week? the disappointment to all three of us is we said we wanted to stay this week and deal with these issues. we started out trying to deal with the libya resolution which apparently wasn't important enough to deal with last thursday when we were going to take a week to work in our states. and then when people on the republican side said we really think we ought to be debating the reason we were supposed to stay, we still don't do that. we have this amendment -- i think it was supposed to be and is a sense of the senate that millionaires aren't paying enough taxes. now, we all understand -- we all understand the politics of that, just like we understand the politics of
of course they'd be in big trouble. and the senate is not in trouble but the country is in trouble because the senate is not doing its job and neither the house nor the senate did its job in the last congress for the first time ever and that's how we go into three years since we had a work document that we should have to work with. and what do we do this week? the disappointment to all three of us is we said we wanted to stay this week and deal with these issues. we started out trying to deal...
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Jul 22, 2011
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one criticism was it was too big. i am sorry about the attention span of some members of congress but they could wait for the movie. maybe it will be coming forward. we are dealing with an interconnected system. there was a central theme. by sources of liquidity outside the banking system and increased information technology people in the financial industry have figured out a way to engage in lending while appearing to escape the burden of risk. they appeared to -- this didn't go away. accumulated elsewhere in the system and exploded on all of us. what we have done is basically make people be responsible for the risk and one important issue that are dealt with with some friends on the liberal side is a question of risk retention. i would urge people to look at michael lewis's book the big short. when people make loans and have no responsibility whether or not they are repaid they will not be as prudent. that is a market incentive. the alternative is oh no, the regulators will tell you what is good and what isn't. we a
one criticism was it was too big. i am sorry about the attention span of some members of congress but they could wait for the movie. maybe it will be coming forward. we are dealing with an interconnected system. there was a central theme. by sources of liquidity outside the banking system and increased information technology people in the financial industry have figured out a way to engage in lending while appearing to escape the burden of risk. they appeared to -- this didn't go away....
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Jul 21, 2011
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those are the big ones. that was the sum and stance of s the sum and stains of what they came up for. what are entitlement programs? things that we're entitled to by virginia tie of our age, if we are 65 years of age, we paid into social security, medicare, we may be eligible -- will be eligible in all likelihood for medicare f we're disabled, totally disabled to work, we'll be eligible for medicare, even before age 65. if we paid into social security for a number of years, we'll be eligible foyer early retirement for sact age 62. we can take it at 67 for full retirement benefits, which i think are roughly about $2,000 per month max, something like that. but anyway, those are some things -- medicare, medicaid, social security are entitlement programs. they said they should all be on the table. they did not propose using social security to balance the budget but what they did say is say we've got a long-term problem in social security with the imbalance between now the amount of money that is coming into soci
those are the big ones. that was the sum and stance of s the sum and stains of what they came up for. what are entitlement programs? things that we're entitled to by virginia tie of our age, if we are 65 years of age, we paid into social security, medicare, we may be eligible -- will be eligible in all likelihood for medicare f we're disabled, totally disabled to work, we'll be eligible for medicare, even before age 65. if we paid into social security for a number of years, we'll be eligible...
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Jul 28, 2011
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but he was bold and he was willing to take big, big leaps. i guess back to his early days as a broad jumper he was willing to take big, big leaps. as a staff perpendicular, he was extraordinary to work for. i've told the story of opening day. a few of us were in on that news but it had to be very closely held because you'd have created a run on all those banks if word had leaked. so even many of his staff people had no idea this was going on until he announced it. so that was kind of a shocker, and made -- it made for an interesting time to be a staff person. now, on another occasion he had a couple of raccoons bothering his -- on his property and they were bothering some -- a den of baby foxes and he didn't want the baby foxes to be killed by the raccoons so he took out a shotgun, went down to the end of his property and shot the two raccoons and then climbed this the car with his state trooper and headed off to work and of course described this exciting episode of his morning and the trooper said to him, governor, don't you realize that it'
but he was bold and he was willing to take big, big leaps. i guess back to his early days as a broad jumper he was willing to take big, big leaps. as a staff perpendicular, he was extraordinary to work for. i've told the story of opening day. a few of us were in on that news but it had to be very closely held because you'd have created a run on all those banks if word had leaked. so even many of his staff people had no idea this was going on until he announced it. so that was kind of a shocker,...
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Jul 22, 2011
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that's how big it is. and there are six human beings up there doing research right now, and, you know, we have trials in the food and drug administration on drugs that have been developed on that international space station. the first one that's in trials right now is a vaccine for salmonella. another one that is getting ready to start trials is a vaccine for mrsa, it is the highly infectious bacterial disease in hospitals that we find so difficult to control because you can't get a kind of antibiotic that'll control it. so, mr. president, i just wanted to say for america's space team, a job well-done. a number of us, including senator hutchison and myself, had introduced and we passed last week the resolution commemorating the men and women of nasa and, indeed, their congratulations and commendations are certainly in order. -- on a job well-done. the space program lives -- the space program will go to greater heights. we will go to mars, and we will see americans venture out into the cosmos for even great
that's how big it is. and there are six human beings up there doing research right now, and, you know, we have trials in the food and drug administration on drugs that have been developed on that international space station. the first one that's in trials right now is a vaccine for salmonella. another one that is getting ready to start trials is a vaccine for mrsa, it is the highly infectious bacterial disease in hospitals that we find so difficult to control because you can't get a kind of...
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Jul 13, 2011
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it would have three big teaches and, again, the details of these -- it would have three big features, and again the details would be outlays need to equal revenues. that is the fundamental definition of a balance. you don't run deficits. you make sure that you spend no more than you take n the sieged thing that some of us feel strongly about and i'm one of them, we ought to limit spending as a percentage of our economy so that the government doesn't keep growing at the expense of the private sector, which is exactly what happens when the government occupies too large a segment of our economy. and finally, we've advocated that we not create a mechanism that simply guarantees big tax increases in order to balance the budget and to do that we would like -- and we have included a supermajority requirement to raise taxes. so that a simple majority wouldn't be enough. it would require a supermajority, which would only occur presumably in truly extraordinary circumstances. see, i believe very strongly that we can have strong economic growth and the job creation that we need. but to get there
it would have three big teaches and, again, the details of these -- it would have three big features, and again the details would be outlays need to equal revenues. that is the fundamental definition of a balance. you don't run deficits. you make sure that you spend no more than you take n the sieged thing that some of us feel strongly about and i'm one of them, we ought to limit spending as a percentage of our economy so that the government doesn't keep growing at the expense of the private...
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Jul 5, 2011
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i see this as a big problem for two reasons. one, the gses are currently securitizing, helping securitize over 90% of the mortgage risk, new mortgages that are originated. fair share from under 5% in early 19 -- has climbed out in stock, to over 50%. if we don't get private sector in this market anytime soon, most likely the united states government will gradually own the entire mortgage credit risk of the country. i think it's a scary thought in a time when the gse is basically not a balance sheet of deny states government. $175 billion has already been spent in the form of taxpayer losses. there's a sense in which it could be a much bigger role than what it stands right now. so i think there are quite important resolution issues, she some short-term from how will we deal with money market fund runs, maybe that's an immediate risk. how will we deal with ccp under capitalization, maybe that's a five year risk potentially in expected turns, five or 10 years. and then there's this huge 10 year unwinding program we need to put in p
i see this as a big problem for two reasons. one, the gses are currently securitizing, helping securitize over 90% of the mortgage risk, new mortgages that are originated. fair share from under 5% in early 19 -- has climbed out in stock, to over 50%. if we don't get private sector in this market anytime soon, most likely the united states government will gradually own the entire mortgage credit risk of the country. i think it's a scary thought in a time when the gse is basically not a balance...
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Jul 1, 2011
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a big bank or two fail. this causes a run on american money market funds which have exposure of about a trillion dollars to european banks. and we find ourselves very quickly back at a moment very much like 2008. do you find a scenario like this to be plausible? and if so, what has dodd-frank accomplished? >> maybe i can start and others can join in. first of all, i think it's a terrific and i think central important question. i do think there is real risk right now, as there has been for many months now, that crisis in europe hurts the -- not just the european banking sector but the u.s. banking sector and the u.s. financial sector. the money market fund system is still, i think, not fully resolved. that is i think the sec's changes under rule 287 that improve the liquidity position of money market funds is good. the bazzel liquidity rules that will kick into place for the banking sector are good and will help. the capital margin and collateral requirements in the repo sector will also help significantly. a
a big bank or two fail. this causes a run on american money market funds which have exposure of about a trillion dollars to european banks. and we find ourselves very quickly back at a moment very much like 2008. do you find a scenario like this to be plausible? and if so, what has dodd-frank accomplished? >> maybe i can start and others can join in. first of all, i think it's a terrific and i think central important question. i do think there is real risk right now, as there has been for...
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Jul 25, 2011
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i am paying taxes big time on my life. the thing is, i am so upset with the ignorance, with the calls that come in. it is devastating to say the rich are helping the poor to get jobs is absolutely ludicrous. i am so upset because there is a goal to tear down the little guy. of course the goal is to destroy obama, which is unspeakable. the middle class and the poor are suffering. all because of money. money, money. that is what is so upsetting to me. guest: there is absolutely no question there is a growing gap between the haves and have-nots in the world and the u.s. as well. it is not just an issue of wealth. it is also an issue of education. important, the comprehensive tax reform that is outlined in the comeback america restoring fiscal sanity report under both from march would end up resulting with everybody and that making more than a stated percentage will pay something. those who end up having more and make more will pay more. we will have an even more progressive tax system. but the way we do it is through comprehe
i am paying taxes big time on my life. the thing is, i am so upset with the ignorance, with the calls that come in. it is devastating to say the rich are helping the poor to get jobs is absolutely ludicrous. i am so upset because there is a goal to tear down the little guy. of course the goal is to destroy obama, which is unspeakable. the middle class and the poor are suffering. all because of money. money, money. that is what is so upsetting to me. guest: there is absolutely no question there...
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Jul 27, 2011
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minority contractors are going to have a big impact. then it takes us to the government will definitely slow down or not pay at all contractors, whether it's the big defense guys that employ thousands and thousands of people or is it not going to pay the small to medium-size business like in my own state that does information technology? now, we are about to destroy the reputation and solvency of the united states of america. we are about to destroy the reputation and solvency of the united states of america not only for one day, but for a decade and maybe the rest of the century. and this is not being done by an outside power. we're spending $700 billion on defense, and we're destroying ourselves by a self-inflicted wound because of political dysfunction, political rigidity and political ideology. what the heck is this? and i could even use more intense language. what we are about to do -- we cannot allow this to happen. so i say to my colleagues, look, one of my colleagues said to me yesterday, senator mikulski, what would it take to
minority contractors are going to have a big impact. then it takes us to the government will definitely slow down or not pay at all contractors, whether it's the big defense guys that employ thousands and thousands of people or is it not going to pay the small to medium-size business like in my own state that does information technology? now, we are about to destroy the reputation and solvency of the united states of america. we are about to destroy the reputation and solvency of the united...
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Jul 21, 2011
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government has gotten too big it, has grown too fast. it is spinning out of control, i think, in the minds *f most americans, and they want to see us rein it in and get government spending and debt under control. i read yesterday on the floor, but i want to read it again. ironically a letter i got from a boy scout are in south dakota who was earning his merit badge. he wrote me a letter and he said -- quote -- "i feel the federal government needs a balanced budget. if we don't, the debt gets larger each year. i feel there are two solutions for this. in our house, we are careful to only spend what my mom and dad earn. that needs come first and what is left is for wants. many times we were told no when we asked for s-fplgt with my allowance and lawn mowing money i donate it between saving and spending. i can't spend more than i make. end quote. i think there are a couple of very powerful observations in that statement, mr. president. the first is obviously that it's not lost on even this young american how important it is that you live wit
government has gotten too big it, has grown too fast. it is spinning out of control, i think, in the minds *f most americans, and they want to see us rein it in and get government spending and debt under control. i read yesterday on the floor, but i want to read it again. ironically a letter i got from a boy scout are in south dakota who was earning his merit badge. he wrote me a letter and he said -- quote -- "i feel the federal government needs a balanced budget. if we don't, the debt...
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Jul 18, 2011
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that's not to say that we don't cover a big portion of it right now. of the 1,000 new border patrol agents that are coming into service this year, the vast majority of them are going into arizona. but it's also critical to note that there are other activities occurring. our partnerships with mexico, for example, working joint operations with our mexican partners with them operating in mexico and us over on the u.s. side. over 60 of the states' law enforcement agencies are our partners with us in actt, which is an operation that incorporates other law enforcement agencies to ensure we bring the greatest density of enforcement coverage in arizona. the national guard -- right now we have 363 national guard troops on the ground. we have more sensors coming, so it's a constant buildup of what we are doing in arizona. as i said earlier, when we bring arizona under control, not if, we will do so as quickly as we can. now, something that i think is critical here is the following. this year, because of the drop in activity levels that we have seen, we figure th
that's not to say that we don't cover a big portion of it right now. of the 1,000 new border patrol agents that are coming into service this year, the vast majority of them are going into arizona. but it's also critical to note that there are other activities occurring. our partnerships with mexico, for example, working joint operations with our mexican partners with them operating in mexico and us over on the u.s. side. over 60 of the states' law enforcement agencies are our partners with us...
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Jul 20, 2011
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that took care of the big problem they had with new york, big, massive new york with a lot of area and lots of people; little, tiny rhode island, not much area and not many people. the reason i say we return to our roots is we're not going to be able to do the fundamental principle that guides this country in the last 11 or 12 days *f legislative session. and that is we cannot default on our debt. we in the senate, we can have the greatest ideas in the world, but if they're not accepted in the house, we can't extend the debt ceiling, which we have to do. so now we await the house of representatives with our bicameral form of ledges slay taourbgs that's what we -- with our bicameral form of legislature, that's what we must do. they know we know time is of the essence. we know all the partisanship shown in the house of representatives, including thaeurl spending so much time on -- including their spending so much time on this plan they call cap, cut and balance, which others call cap, cut and destroy medicare and all the other names this program has been given. we have to get now where w
that took care of the big problem they had with new york, big, massive new york with a lot of area and lots of people; little, tiny rhode island, not much area and not many people. the reason i say we return to our roots is we're not going to be able to do the fundamental principle that guides this country in the last 11 or 12 days *f legislative session. and that is we cannot default on our debt. we in the senate, we can have the greatest ideas in the world, but if they're not accepted in the...
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Jul 12, 2011
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you are married to those big solid rockets. and if there's a failure then, there is no way out for the crew. and as we saw, that was how challenger 25 years ago was destroyed. they had a malfunction in one of the rockets. it caused the whole thing to explode. i'm talking about one of the solid rockets within the first two minutes of flight. well, we're going to have a much safer way to get to and from the space station. the sad thing is, however, that the rocket for humans is not ready and it's going to take about another three years. and, therefore, it is sad that all of that finest launch team in the world at the kennedy space center, a good part of them are having to be laid off. and that will -- that employment will ramp up over the next several years as we build and launch those kind of rockets. now, there's another set of human rated rockets. i'm just talking about the manned space program now. i'm not talking about the unmanned. look what we're getting ready. this year we're going to jupit jupiter. later on, we are getti
you are married to those big solid rockets. and if there's a failure then, there is no way out for the crew. and as we saw, that was how challenger 25 years ago was destroyed. they had a malfunction in one of the rockets. it caused the whole thing to explode. i'm talking about one of the solid rockets within the first two minutes of flight. well, we're going to have a much safer way to get to and from the space station. the sad thing is, however, that the rocket for humans is not ready and it's...
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Jul 6, 2011
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the third tax that the democrats talk about raise segregate old favorite, big oil. this is so targeted, it only hits five companies out of the whole world. five american companies. so never mind we're punishing american businesses, american oil companies, who are the same businesses other companies all over the world. they're not being punished. but, no, we're going to attack american businesses who employ 9.2 million americans. we're going to say that they have to pay higher taxes than other businesses who are just like them. there are three particular tax provisions -- other businesses goat take in r&d tax credit. arnth we all for research and development in yes, but not in the oil and gas industry. where might they put that research and development money? welling for example, into ensuring when they sink a well-well deep in the gulf of mexico, it will be environmentally safe. no, you can't deduct that. all other businesses will be able to, but not you. what sense does that make? it's bad policy. how about the usual and necessary business expense, the deduction fo
the third tax that the democrats talk about raise segregate old favorite, big oil. this is so targeted, it only hits five companies out of the whole world. five american companies. so never mind we're punishing american businesses, american oil companies, who are the same businesses other companies all over the world. they're not being punished. but, no, we're going to attack american businesses who employ 9.2 million americans. we're going to say that they have to pay higher taxes than other...
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Jul 29, 2011
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and compromises have already occurred, big compromises. most of us on this side of the aisle really believe that the way we get at our long-term debt structure is a responsible approach that includes some revenues. now, i'm advocating cleaning out the goodies in the tax code so we can lower some tax rates. i don't understand how you can at the same time vote to gut the medicare program and vote to continue writing checks to big oil. i cannot imagine that i would vote to keep writing a taxpayer check to the most wealthy and profitable corporations in the history of the world at the same time i was voting to put medicare on a voucher program. saying to seniors, you know, if you're 83 and you got three chronic illnesses and you run out of medicare coverage, you're on your own. i can't imagine doing that. but we compromised. we compromised and said, okay, we'll set revenues aside for now. you won't vote for revenues, republican party, members of the house in the republican party you'll not vote for revenues, we tack revenues off the table. so
and compromises have already occurred, big compromises. most of us on this side of the aisle really believe that the way we get at our long-term debt structure is a responsible approach that includes some revenues. now, i'm advocating cleaning out the goodies in the tax code so we can lower some tax rates. i don't understand how you can at the same time vote to gut the medicare program and vote to continue writing checks to big oil. i cannot imagine that i would vote to keep writing a taxpayer...
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Jul 19, 2011
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within three years we had repealed that big luxury tax. we weren't hitting millionaires and billionaires. we were hitting the people who actually made the yachts. priet after 9/11, congress pass -- right after 9/11, congress passed an accelerated depreciation provision for the commercial aviation -- or the general aviation industry. the idea there was to make sure that 9/11 didn't hit that industry too hard and jobs would be saved. in the president's stimulus bill, that accelerated depreciation provision for commercial jets -- or business jets, rather, was reauthorized. that's the thing we're talking about here when we talk about business jets. the president has said business jets shouldn't receive that kind of tax treatment. well, the people who he said would be benefited by the stimulus package with jobs created or jobs saved are the people who will lose their jobs if that particular tax treatment is taken away. now, maybe we should look at that. i'm not against looking at that tax treatment. if we should look at it and decide it's not a
within three years we had repealed that big luxury tax. we weren't hitting millionaires and billionaires. we were hitting the people who actually made the yachts. priet after 9/11, congress pass -- right after 9/11, congress passed an accelerated depreciation provision for the commercial aviation -- or the general aviation industry. the idea there was to make sure that 9/11 didn't hit that industry too hard and jobs would be saved. in the president's stimulus bill, that accelerated depreciation...
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Jul 15, 2011
07/11
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CSPAN2
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we call ited big shift. if you look at the last 100 years, during the 20th century, basically changes happen in terms of you might call the s-curve. long periods of stable, brief moments of disturbance when big changes happen, then 30-40-50-60 years of stability in which we reinvent work practices, social practices, educational practices. we knew how to play that game pretty well. what's happened now is in the last probably ten years we're moving to a different kind of infrastructure that has driven by the laws, the digital laws of computation, accelerating as we speak. now what we really find is we're having a world in which we have constant disruption nearly every year. and the challenge is how do you actually start to leverage that rather than fear that? in terms of driving innovation. i see this as not doing to slow down as all in the next 30 or 40 years. if it the law slows down. let me say this personally. the curve on the right i could actually recoo pick late the last ten years of my life and say the
we call ited big shift. if you look at the last 100 years, during the 20th century, basically changes happen in terms of you might call the s-curve. long periods of stable, brief moments of disturbance when big changes happen, then 30-40-50-60 years of stability in which we reinvent work practices, social practices, educational practices. we knew how to play that game pretty well. what's happened now is in the last probably ten years we're moving to a different kind of infrastructure that has...
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Jul 27, 2011
07/11
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CSPAN2
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eye 82
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it reminds me of "too big to tpaeug" the movie -- too big to fail, the movie. they got all the money and then didn't spend a dime on it with helping with mortgages. the damage we're doing to our aviation system is incredibly real. and if we fail to act in a timely manner, it may be so devastating as to become irreversible. when you think about it, it does make sense. if you operate on somebody and cut beyond a certain point, you can't reverse the damage. with so much pain being inflicted on so many, you may ask why my republican colleagues have refused reputed requests to pass a clean extension, something we have done 20 times in the past four years. they are willing evidently to hurt so many of the benefit -- so many people for the benefit of one company. it's called delta airlines. the chairman of the house transportation committee has stated publicly the house-inserted language on the essential air service program, we need that to leverage the senate on including provisions on relating to the national mediation board. now, what do i mean by that? what they s
it reminds me of "too big to tpaeug" the movie -- too big to fail, the movie. they got all the money and then didn't spend a dime on it with helping with mortgages. the damage we're doing to our aviation system is incredibly real. and if we fail to act in a timely manner, it may be so devastating as to become irreversible. when you think about it, it does make sense. if you operate on somebody and cut beyond a certain point, you can't reverse the damage. with so much pain being...
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Jul 26, 2011
07/11
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CSPAN2
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eye 62
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so it came as a pretty big shock that you, mr. president -- i'm still on my second shot on the free shot. he is now asking me to quit talking, start shooting. but i would say it comes as a pretty big shock to those workers that yourself and the democratic members in both chambers would direct an attack on this industry. and this is true that i don't know how many members of the senate, not too many. my word, i don't know how many members of the house, i have heard that corporate jet, corporate jet. it has a ring to it i guess. but at any rate, why would you repeal a tax provision that has contributeed to job creation at a time of severe economic downturn, in fact, the one that you actually suggested? but there's more, there's more, mr. president, your ball. on top of this budget negotiators are considering implementing user fees on general aviation as a way to generate revenue. we have been down that road. let me be very clear. if user fees on general aviation are implemented, we could very well see the beginning of the end for th
so it came as a pretty big shock that you, mr. president -- i'm still on my second shot on the free shot. he is now asking me to quit talking, start shooting. but i would say it comes as a pretty big shock to those workers that yourself and the democratic members in both chambers would direct an attack on this industry. and this is true that i don't know how many members of the senate, not too many. my word, i don't know how many members of the house, i have heard that corporate jet, corporate...
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Jul 25, 2011
07/11
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CSPAN2
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i'm paying taxes big time all my life. now the thing is, i am so upset with the ignorance with the calls that come in and it's devastating to say that the rich are helping the poor to get jobs is absolutely ludicrous. i am so upset because there's a goal to tear down the little guy, of course, and then, of course, the goal is to destroy obama which is unspeakable. the middle class and the poor are suffering. and all because of money, money, money. that's what's so upsetting to me. >> guest: well, there's absolutely no question that there's a growing gap between the have's and have not's in the world and in the united states as well. and it's not just an issue of wealth, although that's clearly one of the issues. it's also an issue of education, which is going to have profound impacts on us in the future. importantly, the comprehensive tax reform that's outlined in the comeback america restoring fiscal insanity report under both frame works anyone who makes something above the poverty level will pay something. those who end
i'm paying taxes big time all my life. now the thing is, i am so upset with the ignorance with the calls that come in and it's devastating to say that the rich are helping the poor to get jobs is absolutely ludicrous. i am so upset because there's a goal to tear down the little guy, of course, and then, of course, the goal is to destroy obama which is unspeakable. the middle class and the poor are suffering. and all because of money, money, money. that's what's so upsetting to me. >>...
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Jul 18, 2011
07/11
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CSPAN2
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if google gets too big -- >> i don't know if it is too big or too small but we should make the market cap bigger. the reality is google's market cap and all the other market caps reflect real consumer interests and revenue and the secret to our success is the same three things that matter. the number of consumers on your property and the revenue able to generate for the consumer and what does your brand stand for and google has done a nice job staying focused on those three things. those earnings were spectacular. we are still doing our turnaround. we have a clear vision where we are going and to a large degree a large degree of content. google is a winner-take-all at this point. we have a clear vision what is going on. our vision matches closely consumer growth and advertising growth and revenue growth. i hope to close that gap. >> now is the point we present our guests with token appreciation of your presence here today. i have one for both of you and that is the coffee mug. don't have any coffee before you take that. you can blog that certainly. i have my next question for arianna.
if google gets too big -- >> i don't know if it is too big or too small but we should make the market cap bigger. the reality is google's market cap and all the other market caps reflect real consumer interests and revenue and the secret to our success is the same three things that matter. the number of consumers on your property and the revenue able to generate for the consumer and what does your brand stand for and google has done a nice job staying focused on those three things. those...
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Jul 5, 2011
07/11
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CSPAN2
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eye 56
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so let's start soda with the big picture. here we are several years out of the financial crisis and you talk about some of the liquid fx. mr. bernanke talked about the risk this week, some of the problems that particularly persistent, seem to be continuing and may raise the risk that the slow down that we seem to be experiencing at the moment process. what anxiety level do you think is appropriate for the public and our policymakers right now as we look out to the risk that we see that seem to be percolating over the horizon on any number of different fronts? >> well, i think these are risks but they are subject to our control and influence. if we take some action and make some decisions. i think with the housing market we still have a low level from. these loans need to be restructured whether it makes economic sense for the distressed borrower can make an economically viable payment or if not, there needs to be relocation assistance or some other mechanism to clear the market. .. the industry, this is another promise aligne
so let's start soda with the big picture. here we are several years out of the financial crisis and you talk about some of the liquid fx. mr. bernanke talked about the risk this week, some of the problems that particularly persistent, seem to be continuing and may raise the risk that the slow down that we seem to be experiencing at the moment process. what anxiety level do you think is appropriate for the public and our policymakers right now as we look out to the risk that we see that seem to...
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Jul 14, 2011
07/11
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CSPAN2
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eye 50
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that's a big, big step forward. [applause] [applause] >> same thing happens with the lgbt community. we know that a lot of the health needs are not being met. we're not even collecting accurate health data for needs that folks have in the lgbt community. we have done a lot at the frontline of one the agencies dealing with this issue. we started with a lot of administrative changes. so changing the laws for hospital visitation, it's no longer okay for hospitals to pick and choose who gets to come into a persons room at the end of their live or when they are in a health emergency. the patient get to designate who their family is and who their loved ones are. if you want to get paid by medicare, that rule is changed. very big deal. [applause] >> we've changed and listed the hiv/aids travel ban. it used to be up until six months ago, if you were confirmed with hiv/aids, you could not travel into the united states. you didn't get legal visa in order to travel. that's now gone. so we know have lifted the travel ban, lifte
that's a big, big step forward. [applause] [applause] >> same thing happens with the lgbt community. we know that a lot of the health needs are not being met. we're not even collecting accurate health data for needs that folks have in the lgbt community. we have done a lot at the frontline of one the agencies dealing with this issue. we started with a lot of administrative changes. so changing the laws for hospital visitation, it's no longer okay for hospitals to pick and choose who gets...
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Jul 20, 2011
07/11
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CSPAN2
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eye 55
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there is a big difference in science. something can be associated with something. doesn't mean it causes it. and on the base basis of that the secretary committed this country to make payments to people for disabilities that are not associated with their service. so the point is, in a limited budget going forward, if we're paying for disabilities that aren't associated with service, that means we're going to have less money available to those veterans who do have a disability for their service. and we've heard, number one, that this will reverse all that have been made forward. it will not. it's prospective only. it will not change the presumption that if you were in or above vietnam, you have the presumption of being exposed to agent orange. that won't be changed at all. the previous scientific diseases that are based on causation won't be eliminated at all. but, in fact, those that aren't associated with cassality will be eliminated. now, will they be eliminated in the future? if the science at some point in time shows us that there is a causal relationship betwe
there is a big difference in science. something can be associated with something. doesn't mean it causes it. and on the base basis of that the secretary committed this country to make payments to people for disabilities that are not associated with their service. so the point is, in a limited budget going forward, if we're paying for disabilities that aren't associated with service, that means we're going to have less money available to those veterans who do have a disability for their service....
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Jul 29, 2011
07/11
by
CSPAN2
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eye 62
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it's a big step in the right direction for our country. thank you, mr. president. and i note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: recognizes the gentlewoman from iowa. mr. grassley: i ask unanimous consent that the call of the quorum be suspended. the presiding officer: without objection, so ordered. mr. grassley: mr. president, i would ask to speak for 20 thnutes.
it's a big step in the right direction for our country. thank you, mr. president. and i note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: recognizes the gentlewoman from iowa. mr. grassley: i ask unanimous consent that the call of the quorum be suspended. the presiding officer: without objection, so ordered. mr. grassley: mr. president, i would ask to speak for 20 thnutes.